NATWEST GROUP PLC -SPON ADR (NWG) Stock Technical Analysis
NYSE:NWG - New York Stock Exchange, Inc. - US6390572070 - ADR - Currency: USD
Taking everything into account, NWG scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month NWG has a been trading in the 13.67 - 14.55 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that NWG is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by NWG over the past year are nicely spread over this period.
NWG is one of the better performing stocks in the Banks industry, it outperforms 97% of 395 stocks in the same industry.
NWG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NWG is performing more or less in line with the market.
NWG has an average volume of 5201260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although NWG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.91
14.65
When analyzing the support we can see 6 important areas.
- A support zone ranging from 13.68 to 13.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.08 from a trend line in the weekly time frame.
- Support @11.68 from a trend line in the daily time frame.
- Support @11.00 from a trend line in the weekly time frame.
- Support @10.64 from a horizontal line in the daily time frame.
- Support @10.01 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.44 to 14.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NWG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NWG is neutral. |
| ChartMill Relative Strength | 92.75 | POSITIVE | NWG has a high relative strength, it outperformed 92.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NWG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.79 | NEUTRAL | The RSI value for NWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests NWG has a negative trend. |
| Stochastics (14,3) | 20.51 | NEUTRAL | The Stochastics value for NWG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for NWG suggests low volalility. |
| Average Directional Index/ADX (14) | 24.5 | NEUTRAL | The ADX value for NWG suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
13.69
-0.48 (-3.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.39%
1 Week-3.46%
2 Weeks-4.06%
1 Month-1.93%
3 Month14.08%
6 Month36.22%
12 Month65.34%
2 Year123.69%
3 Year151.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%1.68%
ATR Inc58.79%
Range Today0.31
ADR(20)0.19
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.75
Mansfield2.38
10 Day High14.45
10 Day Low13.67
20 Day High14.55
20 Day Low13.67
52 Week High14.55
52 Week Low7.97
CS1 End13.68
CR1 Start14.44
Volume & EV
DER(3)2.86%
DER(5)3.78%
Volume5.55M
Volume Incr-9.89%
Vol(5)4.40M
Vol(50)5.20M